Technical Talk: Daily update (Wednesday, May 25, 2011)

Adam Hewison, charting strategist of INO.com, brings you another edition of his invaluable service of daily technical updates on the ups and downs of various markets. This short analysis is a great tool for keeping one’s finger on the pulse and timing the markets.

Click the image below to hear his latest views on gold (short-, medium- and long-term buy), silver (more recovery potential, possibly to $42), the US Dollar Index (short-term toppish, long term negative), the CRB Index (breaking out of trading range – to upside), crude oil (taken out resistance at $100, further upside potential), and the S&P 500 Index (primary trend up, possibly further short-term bounce). Also, click here to have an instant analysis of any ticker symbol in your portfolio performed by INO.com.